Belden Solutions: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Belden Solutions
Largest movements
- Current assets +€9.4m
up €9.4m (+104.4%), from €9.0m to €18.4m
- Intangible fixed assets +€1.6m
up €1.6m (+15.5%), from €10.3m to €11.9m
- Debts within one year +€13.6m
up €13.6m (+153.0%), from €8.9m to €22.5m
- Debts after one year -€7.0m
no longer reported in 2020 (was €7.0m)
- Equity +€4.1m
up €4.1m (+126.7%), from €3.2m to €7.3m
of which Profit (loss) carried forward: +€3.9m
- Provisions +€345,000
up €345,000 (+39.3%), from €877,126 to €1.2m
- Turnover +€4.5m
up €4.5m (+18.5%), from €24.4m to €28.9m
- Depreciation +€734,877
up €734,877 (+19.1%), from €3.9m to €4.6m
From the 2018 result to the 2020 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2018 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,021,001 | €31,108,509 | +€11.1m | +55.4% |
| Fixed assets | 21/28 | €10,998,921 | €12,664,886 | +€1.7m | +15.1% |
| Intangible fixed assets | 21 | €10,312,668 | €11,906,537 | +€1.6m | +15.5% |
| Tangible fixed assets | 22/27 | €440,139 | €508,148 | +€68,009 | +15.5% |
| Financial fixed assets | 28 | €246,115 | €250,202 | +€4,087 | +1.7% |
| Current assets | 29/58 | €9,022,080 | €18,443,622 | +€9.4m | +104.4% |
| Stocks and contracts in progress | 3 | €2,410,217 | €2,634,904 | +€224,688 | +9.3% |
| Amounts receivable within one year | 40/41 | €3,185,499 | €6,758,115 | +€3.6m | +112.2% |
| Current investments | 50/53 | €905 | €436 | -€469 | -51.8% |
| Cash at bank and in hand | 54/58 | €1,526,387 | €318,841 | -€1.2m | -79.1% |
| Total equity and liabilities | 10/49 | €20,021,001 | €31,108,509 | +€11.1m | +55.4% |
| Equity | 10/15 | €3,237,896 | €7,340,119 | +€4.1m | +126.7% |
| Contributions | 10/11 | €3,200,000 | €3,200,000 | = | 0.0% |
| Reserves | 13 | €43,609 | €244,385 | +€200,775 | +460.4% |
| Profit (loss) carried forward | 14 | -€86,713 | €3,814,734 | +€3.9m | |
| Provisions and deferred taxes | 16 | €877,126 | €1,222,126 | +€345,000 | +39.3% |
| Amounts payable | 17/49 | €15,905,979 | €22,546,264 | +€6.6m | +41.7% |
| Amounts payable after more than one year | 17 | €6,989,269 | - | -€7.0m | |
| Amounts payable within one year | 42/48 | €8,913,103 | €22,546,264 | +€13.6m | +153.0% |
| Trade debts | 44 | €4,282,093 | €6,053,163 | +€1.8m | +41.4% |
| Turnover | 70 | €24,414,892 | €28,923,517 | +€4.5m | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,851,707 | €4,586,584 | +€734,877 | +19.1% |
| Operating profit (loss) | 9901 | €287,096 | €2,823,913 | +€2.5m | +883.6% |
| Recurring financial income | 75 | €178,761 | €195,190 | +€16,428 | +9.2% |
| Recurring financial charges | 65 | €884,271 | €1,118,018 | +€233,747 | +26.4% |
| Debt charges | 650 | €482,899 | €789,193 | +€306,294 | +63.4% |
| Profit (loss) for the period before taxes | 9903 | -€418,413 | €1,901,119 | +€2.3m | |
| Income taxes | 67/77 | -€6 | - | +€6 | |
| Profit (loss) for the period | 9904 | -€418,407 | €1,901,119 | +€2.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€418,407 | €1,901,119 | +€2.3m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2018 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.